Master the New-Look
ABS/MBS Market

Every week, Asset-Backed Alert delivers the earliest word on money-making plays emerging from the evolving securitization business, including the worldwide markets for ABS, MBS and CLOs.

Selections from Recent Issues


Redwood Hitting Pause on MBS Program

Redwood Trust is poised to hit the brakes on its jumbo-mortgage securitization program.

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BNP Installing Division Heads in US, UK

BNP Paribas’ hiring of former J.P. Morgan executive Mick Wiedrick was accompanied by two other high-level additions, signaling continued efforts by...

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Agencies Gravitate to Insurance Contracts

Intense demand for so-called credit insurance risk sharing deals from Fannie Mae and Freddie Mac is suppressing growth in the agencies’ sales of...

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Guardian Finds Opening for CLOs

Guardian Life just completed its first-ever collateralized loan obligation, underscoring how the environment has changed for rookie issuers in that...

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REITs Push Banks for Risk-Transfer Deals

Several mortgage REITs are trying to convince J.P. Morgan to come to market more often with mortgage bond deals designed to reduce its capital-reserve...

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Basel Tips Playing Field Against US Banks

A move by the Bank for International Settlements to reduce the amount of regulatory capital banks must hold against their structured-product investments...

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Startups See Profit in MBS-Market Exodus

Operators of small hedge funds that trade mortgage bonds are working to raise capital, pitching opportunities that are emerging as larger investors curtail...

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Summer Slump Ahead for CLO Issuance

Collateralized loan obligation issuance is expected to dip in July and possibly August.

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European Runoff Offers Cautionary Tale

Industry professionals increasingly are pointing to the contraction of Europe’s structured-product business as a demonstration of the pitfalls of...

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Issuers Follow Caliber Into Non-QM Queue

Emboldened by the completion of a deal from Caliber Home Loans, several institutions are planning to issue rated bonds backed predominantly by home loans...

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European Parliament Dims Issuance Hopes

Industry professionals are grumbling over the European Parliament’s treatment of a project that was supposed to remove regulatory roadblocks to...

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Exeter Pulls Back on Lending, Issuance

(SEE CORRECTION BELOW) Subprime auto lender Exeter Finance is downshifting its lending and securitization activities amid increasing concern about the...

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